Meaning of the word "decision making" in English

What does "decision making" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

decision making

US /dɪˈsɪʒ.ən ˌmeɪ.kɪŋ/
UK /dɪˈsɪʒ.ən ˌmeɪ.kɪŋ/

Noun

the process of making choices or reaching conclusions, especially in business or politics

Example:
Effective decision-making is crucial for a company's success.
The committee is responsible for all major decision-making.